U.S. gasoline prices have edged slightly higher as oil prices have struggled to break out of the low-$80s, with sluggish U.S. demand one of the factors keeping prices range-bound
. Data compiled by GasBuddy from more than 12 million individual price reports covering over 150,000 gas stations across the country has revealed that U.S. gas prices averaged 5.2 cents higher from a month ago but 5.8 cents per gallon lower than a year ago. The national average price of diesel climbed 2.3 cents in the last week to $3.83 per gallon but remained unchanged from a year ago.
De Haan has predicted that we will continue to see small price fluctuations as news of any hurricane-fueled refinery disruptions comes in. Oil prices have kicked in the new week on the back foot with Brent for September delivery continuing to pull back from Friday’s intraday high of $86.10 to trade at $85.05 per barrel in Monday’s session while the WTI August contract has declined $1.39 to $81.94 per barrel.
Gasoline Crude Gasoline Prices Gasbuddy Driving Season
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